Remember, getting into real estate is easy, getting out is harder! That feeling is being felt now by many investors who bought at the height of the market in 2005 in Sacramento because they ignored some or all basic investment fundamentals. Once you closed escrow, it™s yours and that™s when you start to find out about all the things you should have known before or asked of more questions of. That™s because now your not in a rush and you can think clearly now. I’ve always said, œthe only time you get in trouble in real estate is when your in a hurry or feel sorry for someone.
Investing in real estate means not seeing things as they are but as they can be. If you can pick the right property in a good location at a good price, then you have succeeded in investing in real estate.
Looking around all of Sacramento and the outlying areas, you see many properties for sale, the key is to pick the best one for your money. The key is to pick the one with no œunexpected cost in repairs that overrun your drafted budget. The key is to turn this place around and lease it at the targeted rent as quickly as possible. Do your homework, and dont be in a rush.
Smooth Sailing Realty & Property Management, Inc.
8795 Folsom Blvd, Suite 100
Sacramento, CA 95826
DRE License #01848612